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Jan 6, 2013
01/13
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the debt ceiling guarantees a crisis. it guarantees that the markets will all cave in on the republicans. and the republicans in the end will give up. >> let me get a break, ej, and we'll come back with you. i want to talk about the strategy, whether there's a government shutdown in the future, as well as what this fight means to the president's second term and his agenda -- fight means to the president's second term and his agenda -- guns, immigration, other thin a, at a dry cleaner, fight means to the president's secowe replaced peopleenda -- gunswith a machine.other thin a, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd
the debt ceiling guarantees a crisis. it guarantees that the markets will all cave in on the republicans. and the republicans in the end will give up. >> let me get a break, ej, and we'll come back with you. i want to talk about the strategy, whether there's a government shutdown in the future, as well as what this fight means to the president's second term and his agenda -- fight means to the president's second term and his agenda -- guns, immigration, other thin a, at a dry cleaner,...
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Oct 15, 2013
10/13
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FBC
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past the debt ceiling. anduestions to whether it would get through hou of representatives, if and when it is agreed to. a number ofouse republicans have been hearing the dails of th framework, and don't like all this much, they feel they are being forced to to this democrats say, you went out there on obamacare, now we are comingut, saying we want increased spending. negotiations continue, republicans with a full conference meeting in senate tomorrow morning. they aretill talking. back to you. charles: thank you, rich. we're going to one of those republicans now, florida ngressman ted,ou made a ruckus here, becau. yo are in washinon d.c. saying this is a lot of hype we won't crumble as a nation if we don't raise the debt ceiling. >> charles, appreciate you having me on. and you know not raising the debt ceiling is n an automatic trigger for default. ody's talks about that. we have enough money to service our debt to raise the debt this time is -- we're here because they have not addressed the problems in pa
past the debt ceiling. anduestions to whether it would get through hou of representatives, if and when it is agreed to. a number ofouse republicans have been hearing the dails of th framework, and don't like all this much, they feel they are being forced to to this democrats say, you went out there on obamacare, now we are comingut, saying we want increased spending. negotiations continue, republicans with a full conference meeting in senate tomorrow morning. they aretill talking. back to you....
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Jan 16, 2013
01/13
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we're headed for a debt ceiling battle is to avoid the debt ceiling itself. congressman jerry nadler joins me now and introducing the legislation today. in full disclosure he is my congressman. you do a hell of a job in your district. we're very happy with you there. >> thank you. david: i do set this that up as a compliment to criticize you, i look at a debt ceiling which started at 10 billion, 10 trillion dollars when the president came into office. it is now $16 trillion. don't we need restraint of a debt ceiling to prevent the spending from even going further? >> no. and it doesn't restrain spending at all. congress makes the decisions as to what to spend, what the level of taxation should be, what the level of spending should be. the debt ceiling is just there and, says you can not pay the bills that you voted to incur a year ago and two years ago and three years ago. and that is just wrong. now it used to be harmless in that the debt ceiling would be raised with a little demagoguing here and there but no one ever seriously suggested not raising it. it w
we're headed for a debt ceiling battle is to avoid the debt ceiling itself. congressman jerry nadler joins me now and introducing the legislation today. in full disclosure he is my congressman. you do a hell of a job in your district. we're very happy with you there. >> thank you. david: i do set this that up as a compliment to criticize you, i look at a debt ceiling which started at 10 billion, 10 trillion dollars when the president came into office. it is now $16 trillion. don't we need...
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Jan 22, 2013
01/13
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CNBC
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call it debt ceiling spackle. why the newest development in the debt talks is much to do about nada. don't worry, everything's fine. one analyst who says don't bail on boeing just yet, tand why por phil mickelson is ready to pack his bags and get out of dodge. also a change is coming into your atm. >>> there are no big moves in the markets, but the dow touched its highest intraday level in over five years. it is on its best monthly gain since january of 2011, and part of this move is being fueled by historic highs for the dow transports for the fifth straight session. let's get straight down to courtney reagan on the floor of the nnysc. >> we are seeing the dow outperform, making it the fifth way that the transport also hit the historic highs. we have seen this pattern of the transports outperforming the industrials since the middle of december. airlines gained the most, up about 28% since the november 16th low. but if we look at stocks overall, you mentioned t not a super exciting day from the onset. we moved in
call it debt ceiling spackle. why the newest development in the debt talks is much to do about nada. don't worry, everything's fine. one analyst who says don't bail on boeing just yet, tand why por phil mickelson is ready to pack his bags and get out of dodge. also a change is coming into your atm. >>> there are no big moves in the markets, but the dow touched its highest intraday level in over five years. it is on its best monthly gain since january of 2011, and part of this move is...
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Jan 15, 2013
01/13
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translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exactly. what the republicans are saying is look, we maxed out the credit card. it's time before we extend any new credit or allow any new credit to do something aboutbe the spending that got us here. that would seem on the surface to be a reasonable argument. but so far, the republicans have not been able to win it. and what tends to happen in the fights when you get all of this late hour melodrama as we have had in the last cou
translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has...
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Jan 27, 2013
01/13
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ceiling by allowing the debt ceiling to increase for a couple of months until may, and focus on getting what w we wa wit the otr bales at argrgument rightow. >> peter, u very much want them to tackle the spending issues. was that a smart maneuver? >> i think it was. what the republicans need to doo is return to regular order and denigrate the process if bringing a budget and spending resolutions -- began the pross of bringing up a budget and spending resolutions -- and you are making a commitment to spend addional money over a certain time, so they p pass a budget, passed appropriaons,ttach the debt ceiling, send it to the set. i understandhat e senate willorrow the house historian to find out i is they pass a budget of there. [laughs] mj you have been reporting that the republicans don'tare how they g get it, but you also report that there are some republicans that tnk it is okay to go into that peod of sequestration, with the autotic spendi cuts that are across the board, that include defensnse and domestic spendnding. whatre you hearing about the appetite for government shutdown? --
ceiling by allowing the debt ceiling to increase for a couple of months until may, and focus on getting what w we wa wit the otr bales at argrgument rightow. >> peter, u very much want them to tackle the spending issues. was that a smart maneuver? >> i think it was. what the republicans need to doo is return to regular order and denigrate the process if bringing a budget and spending resolutions -- began the pross of bringing up a budget and spending resolutions -- and you are...
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Jan 5, 2013
01/13
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ronald reagan, george bush, both bushes, raised the debt ceiling, bill clinton raised the debt ceiling, that's something we've never played with because then we're playing with the country's credit rating and that's something we should all come together on and we've never had it happen before. why now play politics on the debt ceiling. it doesn't make sense. >> i'll have to leave it retorically, good to see you. >>> new revelations about marilyn monroe, you'll hear from the reporter that dug up fbi files on the movie star. [ male] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums woman: we're helping joplin, missouri, come back from a devastating tornado. man: and now we're helping the eas
ronald reagan, george bush, both bushes, raised the debt ceiling, bill clinton raised the debt ceiling, that's something we've never played with because then we're playing with the country's credit rating and that's something we should all come together on and we've never had it happen before. why now play politics on the debt ceiling. it doesn't make sense. >> i'll have to leave it retorically, good to see you. >>> new revelations about marilyn monroe, you'll hear from the...
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Oct 26, 2013
10/13
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neil: but now would you break the debt ceiling? >> the debt ceiling would never be breached. they were days for improving this is a myth that there is an armageddon on the other side of october 17 and forced the president to prioritize. we said he could pay the interest and then you have a fair fight. neil: now it is lost no harry reid says there is a reason to cut spending which mimics what nancy pelosi said. i don't advocate that but it i made a mistake when i negotiated for those revenue increases it is off the table these people our weak and divided maybe the tea party will begin but then they will be sold down the river by a surrender artist but they say they don't want to cut back nobody wants to pay more taxes. we have to reform the entitlements to stop the automatic spending machine that is 2.4 trillion of automatic entitlements of missouri spending. so if they don't use the debt ceiling as a lever to force real spending reform the national that will keep rising then sooner or later someone will have to pay taxes. >> it is not just all blamed on the rich so wateree re
neil: but now would you break the debt ceiling? >> the debt ceiling would never be breached. they were days for improving this is a myth that there is an armageddon on the other side of october 17 and forced the president to prioritize. we said he could pay the interest and then you have a fair fight. neil: now it is lost no harry reid says there is a reason to cut spending which mimics what nancy pelosi said. i don't advocate that but it i made a mistake when i negotiated for those...
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Jan 3, 2013
01/13
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we should not have a fight over the debt ceiling. the debt ceiling, as the president says, is simply agreeing to pay the bills that you voted to incur last year and the year before. to have a fight over that is to say the united states should throw the economy of the world into catastrophe. that should not happen. in order to avoid that disaster since the republicans are trying to use the debt ceiling to bl k blackmail the country say by saying it's a nice economy, pity to blow it up if you have don't pay our ran sam. dr ran some. -- ransom. >> you just said there should not be a fight over the debt ceiling but will there be? is there anything about the history of this issue that suggests there won't be a fight? >> there will be a fight unless the president takes it off the table by invoking his ability to say i'm going to ignore the debt ceiling when and if it -- when and if it says that we can't pay the bills that are lawfully incurred because that would violate the 14th amendment. if the president is willing to invoke the 14th ame
we should not have a fight over the debt ceiling. the debt ceiling, as the president says, is simply agreeing to pay the bills that you voted to incur last year and the year before. to have a fight over that is to say the united states should throw the economy of the world into catastrophe. that should not happen. in order to avoid that disaster since the republicans are trying to use the debt ceiling to bl k blackmail the country say by saying it's a nice economy, pity to blow it up if you...
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Jan 5, 2013
01/13
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lift the debt ceiling. it will be clear because wall street will make it clear, the banking community will make it clear what the ramifications are to americans by not lifting the debt ceiling. and you're right, mike, all this is about, as the president said, is paying for the bills that congress has already voted to fund. and it's not lifting the debt ceiling to pay for future spending. it's to pay for the bills that we've already accrued. but regardless of that, regardless of that, the people want us to get together and do something. it's why i was sad to see steve decide not to run for re-election because we need republicans, we need more republicans who are going to stand in there and say, yes, spending is the issue, but we've got to realize that we've got to have reasonable revenue that comes into the mix, and we've got to look at everything. when it comes to spending, defense cannot be a sacred cow. we have to look at everything, and we have to have legitimate entitlement reform. and on our side, mike
lift the debt ceiling. it will be clear because wall street will make it clear, the banking community will make it clear what the ramifications are to americans by not lifting the debt ceiling. and you're right, mike, all this is about, as the president said, is paying for the bills that congress has already voted to fund. and it's not lifting the debt ceiling to pay for future spending. it's to pay for the bills that we've already accrued. but regardless of that, regardless of that, the people...
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understand i think what the debt ceiling actually does and i do agree that we should have to pay our bills that brings us back to the real problem that we have in america which is a spending problem our spending is out of control and you know and then we have the opposite in consequence of both too much spending and not enough. i mean you've got to give corporations are paying nine percent they're paying nine percent of the cost of government operations right now they're paying thirty five percent during the i doubt that's true that's a totally different that's a totally no better going to used to come from we didn't have this problem before knowing what the problem that we have right now is a spending problem we can't afford to pay all the money that we're paying and entitlements and welfare and food stamps we have is nearest to the deficit a penny and ronald reagan would be the first tell you that i wasn't specifically talking about social security i'm talking about again food stamps i'm talking about medicare i'm talking about medicaid i'm talking about all these entitlements that
understand i think what the debt ceiling actually does and i do agree that we should have to pay our bills that brings us back to the real problem that we have in america which is a spending problem our spending is out of control and you know and then we have the opposite in consequence of both too much spending and not enough. i mean you've got to give corporations are paying nine percent they're paying nine percent of the cost of government operations right now they're paying thirty five...
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Jan 7, 2013
01/13
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the debt ceiling guarantees a crisis. it guarantees that the markets will all cave in on the republicans. and the republicans in the end will give up. >> let me get a break, ej, and we'll come back with you. i want to talk about the strategy, whether there's a government shutdown in the future, as well as what this fight means to the president's second term and his agenda -- guns, immigration, other >>> back with more of our roundtable. and we're talking about the coming fights, ej, which include the threat from some republicans of a government shutdown or at least using the debt ceiling debate as ransom. you heard leader mcconnell not back away from that. is that the future here, the near term future of the president's second term? >> i just want to say on sandy relief, i don't understand why the house walked away from something that congress has done in every other disaster. but i almost never get a chance to do this, so i want to say that i hope republicans listen to newt gingrich. because newt gingrich is absolutely r
the debt ceiling guarantees a crisis. it guarantees that the markets will all cave in on the republicans. and the republicans in the end will give up. >> let me get a break, ej, and we'll come back with you. i want to talk about the strategy, whether there's a government shutdown in the future, as well as what this fight means to the president's second term and his agenda -- guns, immigration, other >>> back with more of our roundtable. and we're talking about the coming fights,...
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Jan 6, 2013
01/13
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the debt ceiling is the legal limit on the nation's borrowing. in his weekly address, the president says he's taking a hard line on the issue. >> one ning i will not compromise over is whether or not congress should pay the tab for a bill they have already racked up. if congress refuses to kbif the united states its ability to pay its bill on top, the consequences could be catastrophic. last time congress threatened this course of action, our economy suffered for it. our families and our businesses can not afford that dangerous game again. >> on the first day of the new congress, lawmakers introduced nearly a dozen bills related to gun violence. they come in the wake of the connecticut school shooting and promises from president obama to take concrete action to avoid another tragedy. >> reporter: as students at sandy hook elementary return to class, former congresswoman gabrielle giffords, nearly killed in a mass shooting two years ago visited newtown, connecticut. and on capitol hill, lawmakers arrived to begin a new session of congress. with me
the debt ceiling is the legal limit on the nation's borrowing. in his weekly address, the president says he's taking a hard line on the issue. >> one ning i will not compromise over is whether or not congress should pay the tab for a bill they have already racked up. if congress refuses to kbif the united states its ability to pay its bill on top, the consequences could be catastrophic. last time congress threatened this course of action, our economy suffered for it. our families and our...
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Jan 16, 2013
01/13
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FBC
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here's one way washington can avoid the debt ceiling showdown, get rid of the debt ceiling altogether. tracy: and grounded, and other emergency landing for boeing's dreamliners. planned as the top two airlines stopped planes from flying altogether. lori: on a post-it note just isn't enough. employee who allegedly stole $400,000 worth of copy machine toner and resold it on the black market. you have to hear it to believe it. tracy: top of the hour. nicole petallides on the floor of the new york stock exchange. we can't seem to find our footing. nicole: interestingly enough we are not too far off of the unchanged line but we are up six of the last eight trading weeks. hovering around five year highs. as you noted early on, talk a lot about boeing weighing on the dow jones industrials today play with one issue after another. the s&p 500 down one point at 1471. it is also earning season. how they are faring. they came out obviously earnings-per-share eating earnings slightly miss. a new high for dell. and all those names are lower. continue to follow earnings here all week on fox business
here's one way washington can avoid the debt ceiling showdown, get rid of the debt ceiling altogether. tracy: and grounded, and other emergency landing for boeing's dreamliners. planned as the top two airlines stopped planes from flying altogether. lori: on a post-it note just isn't enough. employee who allegedly stole $400,000 worth of copy machine toner and resold it on the black market. you have to hear it to believe it. tracy: top of the hour. nicole petallides on the floor of the new york...
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Jan 17, 2013
01/13
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adam: before we get to the debt ceiling. california overestimated how much tax revenue they would get from the facebook ipo. the overestimated by $600 million. you can hear jerry brown doing a homer simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans are relishing the debt ceiling does indeed have to be raised. joining us now, ihs chief economist and we appreciate you being here. is this fight we are about to have necessary, and what is going to happen to whether it is the global market, 401(k), what will happen to all of us if congress passes this fight? >> this is not a necessary fight. this situation created by congress which sent the debt ceilinfrom years ago in hopes it would impose some discipline but of course it hasn't because it has been raised and raised and raised and no
adam: before we get to the debt ceiling. california overestimated how much tax revenue they would get from the facebook ipo. the overestimated by $600 million. you can hear jerry brown doing a homer simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans...
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Jan 16, 2013
01/13
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>> the problem is not the debt ceiling or debt limit the problem is the debt. the reason why we have a legal limit on the debt if we keep borrowing we're going to hurt everyone who lives there. i think the president is trying to scare people and distract from the main issue. he said he was going to cut the deficit his first year in office we doubled it every year. it's time to make hard decisions. there is ongoing wrong with suggesting over the next ten years, we stop borrowing from our children's future and we balance our budget. we can do that. i think most americans will agree. >> neil: you got to wonder, if the mainstream media that republicans are being obstructionists if they dare reject raising the debt ceiling but they didn't do it to a single democrat seven years ago including senator barack obama, then republicans are damned no matter what they do? >> it's part of the strategy of this administration on fiscal cliff, on all kinds of issues is to frighten people, frighten seniors. we need to reassure seniors with their truth, their social security and m
>> the problem is not the debt ceiling or debt limit the problem is the debt. the reason why we have a legal limit on the debt if we keep borrowing we're going to hurt everyone who lives there. i think the president is trying to scare people and distract from the main issue. he said he was going to cut the deficit his first year in office we doubled it every year. it's time to make hard decisions. there is ongoing wrong with suggesting over the next ten years, we stop borrowing from our...
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now this is what the debt ceiling does is it authorizes congress to pay bills that have already been run up by congress congress authorizes spending and then the executive branch has to write the check the treasury department i think this is actually a very hypocritical statement from the president i mean he signed all these bills into law so it's just as much his responsibility as congress and the constitution says all taxing and spending authority rest of the house of representatives all legislation has to region but it is true that it is a hypocritical state for him this is coming from the you know the president who passed the largest task tax increase on americans and american history and he was going to. share middle class tax code common care obama care is attack thing trees i'm sorry but the supreme court ruled that it is in fact in fact a tax you can't really argue or not anymore hundred sixty dollars a year you pay if you don't tax and it is the largest tax increase there for at least since world war two on americans and so if he wants to sit here and talk about you know the
now this is what the debt ceiling does is it authorizes congress to pay bills that have already been run up by congress congress authorizes spending and then the executive branch has to write the check the treasury department i think this is actually a very hypocritical statement from the president i mean he signed all these bills into law so it's just as much his responsibility as congress and the constitution says all taxing and spending authority rest of the house of representatives all...
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Jan 2, 2013
01/13
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ceiling increasing the debt ceiling which brought on the fiscal cliff. if you remember that time it was a few days later, that following friday after the market closed, standard & poor's downgraded the united states credit rating so we can only assume, and wall street economists are quietly whispering this, we are expecting some type of another downgrade to take place probably in the next couple of days. >>neil: well the viewers say there goes neil cavuto back from vacation and the same old beating of the drum on how this is hell and high water and my only point in mentioning this is be careful of a one day snap reaction that is just relieved to have any deal but history shows markets eventually start selling off. will that happen here? or will the market just gladly continue whistling past the graveyard? >>guest: remember this is a headline-driven market and what i mean by that for fox, we hear the news each hour it changes but what we heard today going into the first trading day of the year, congress has the deal done, whether it is the right deal or n
ceiling increasing the debt ceiling which brought on the fiscal cliff. if you remember that time it was a few days later, that following friday after the market closed, standard & poor's downgraded the united states credit rating so we can only assume, and wall street economists are quietly whispering this, we are expecting some type of another downgrade to take place probably in the next couple of days. >>neil: well the viewers say there goes neil cavuto back from vacation and the...
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Jan 23, 2013
01/13
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nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united states of america? >> i have no idea. but i can tell you -- >> if you don't have any, maybe it is to defeat the objectives that this president, at whatever cost some so-call leaders have said. they want to stop this president and they were unsuccessful in that measure. maybe they decided to change tactics and maybe this discussion is unnecessary and we find some other way to get a hand on the deficit. let me thank you to your contribution to this conversation as you have so many times before. i yield back my time. >> thank you, mr. johnson is
nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united...
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Jan 3, 2013
01/13
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. >> the debt ceiling. >> the debt ceiling is coming. >> no. >> the sequesters are coming. >> cue the next countdown clock. >> i will not have another debate with this congress. >> house republicans see it as a trump card. >> they should pay the bills they have already racked up. >> while they approve this deal to avert the fiscal cliff. >> last night the house of representatives failed. >> there was no deal to send money to the victims of hurricane sandy. >> lawmakers from new jersey were angry. >> last night it was my party responsible. >> they are leaving this party without help. >> congress. >> congress. >> congress. >> the laughing stock of the country. >> 66 days and counting, shame on you, shame on congress. >> all right, let's get a couple of things straight here, okay? first of all, there is nothing wrong with legislating at the last minute. in fact, on the big stuff, the politically difficult bills it is usually impossible to legislate before the last minute. now if you never found yourself going to the post office at the last minute with your tax return in hand, you may not
. >> the debt ceiling. >> the debt ceiling is coming. >> no. >> the sequesters are coming. >> cue the next countdown clock. >> i will not have another debate with this congress. >> house republicans see it as a trump card. >> they should pay the bills they have already racked up. >> while they approve this deal to avert the fiscal cliff. >> last night the house of representatives failed. >> there was no deal to send money to the...
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Oct 10, 2013
10/13
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surpasses its debt ceiling. phe treasury's computer systems are programmed to pay all the government's bills, not some. >> we are going to be in a place which is uncharted territory. if anyone thinks it works smoothly -- it would not work smoothly. it would be chaos. we have looked at many options. there have been reports indicating thiigs that have been looked at over the years. no one has had to put this into effect. they are not tested. peter: the government shutdown made the debt ceiling deadline projection less reliable. october 17th, if congress does manage to pass this proposal nov. 20 second would be the new deadline. that would be an actual hard deadline because it would not allow treasury to use those extraordinary measures. dagen: dan enninger of the wall street journal editorial board joins us. your reaction with the six week extension? >> it sounds like it might be good news but i am afraid it looks to me like ultimately it is kicking the can down the road, the can being at the center of the disagre
surpasses its debt ceiling. phe treasury's computer systems are programmed to pay all the government's bills, not some. >> we are going to be in a place which is uncharted territory. if anyone thinks it works smoothly -- it would not work smoothly. it would be chaos. we have looked at many options. there have been reports indicating thiigs that have been looked at over the years. no one has had to put this into effect. they are not tested. peter: the government shutdown made the debt...
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Jan 16, 2013
01/13
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in the coming weeks as they deal with the debt ceiling. also, those automatic cuts to defense and domestic spending. plenty more battles ahead over spending, shep. >> shepard: mike emanuel on the hill. the bill has passed and the president will sign it into law. two weeks after congress approved a separate measure to borrow $10 billion to flood insurance claims from sandy and other disasters. throughout the areas sandy hit hardest we are hearing stories of people growing increasingly frustrated in delays by getting money they need. >> the whole outside of the house was ripped apart with waves. >> the waves washed out 16 years of family mementos from this water front house on new york's long island. >> what you see is exactly how we found it after the hurricane. >> jane long-term says she will -- letterman says she will have to tear down the home she loved. two months after the storm she is still waiting for the insurance payment to get her started. >> this is a shame. it's just a shame that, you know, this had to happen. but the thing to d
in the coming weeks as they deal with the debt ceiling. also, those automatic cuts to defense and domestic spending. plenty more battles ahead over spending, shep. >> shepard: mike emanuel on the hill. the bill has passed and the president will sign it into law. two weeks after congress approved a separate measure to borrow $10 billion to flood insurance claims from sandy and other disasters. throughout the areas sandy hit hardest we are hearing stories of people growing increasingly...
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Oct 10, 2013
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the debt ceiling. jay carnie finally said, yes, the president would approve just extending the debt ceiling while they talk about things. that's a retreat for the president and boehner. the president said he is not going gunshot with a gun to his head. if he said, just deal will default but not re-opening the government, he is talking to republicans and negotiating something he said he wasn't going to do. >> shepard: mike now we're hearing from a couple of republicans -- i don't no who they are -- up named republican senators who say, let's re-open the government, too, or put that on the table. do you know who those senators are? >> i've spoken to multiple senators who are apprehensive. six weeks is not terribly long in washington, dc so by saying you're going to extend the debt ceiling six weeks, it's going to come up right before thanksgiving again and does not allow a whole lot of time for negotiation. >> shepard: they want to have a fight over turkey? seriously? they don't want to do that. why woul
the debt ceiling. jay carnie finally said, yes, the president would approve just extending the debt ceiling while they talk about things. that's a retreat for the president and boehner. the president said he is not going gunshot with a gun to his head. if he said, just deal will default but not re-opening the government, he is talking to republicans and negotiating something he said he wasn't going to do. >> shepard: mike now we're hearing from a couple of republicans -- i don't no who...
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Jan 4, 2013
01/13
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the deep political divide over whether to raise the debt ceiling is the next issue out of washington that could stall out business on wall street. republicans are vowing to use the debt ceiling vote as leverage in an attempt to get severe cuts on federal spending and entitlement programs. president obama has said he has no plans to negotiate the debt limit with congress, leaving america back on the brink. juli neimann of smith moore and company is on the line with us with some thoughts on that. good morning. what will that mean for money managers? "this should be nothing more than a procedural vote, and if they don't go along with it and pull the stunt that they did in 2011, this really could throw the debt market into a problem. the big problem is the federal reserve is completely out of ammunition, so we are looking at a situation where if they are not in there supporting interest rates, you are going to see the market react and probably react badly. so investors and advisors could be in a rising interest rate environment before it really is due." thanks, juli. from new jersey nort
the deep political divide over whether to raise the debt ceiling is the next issue out of washington that could stall out business on wall street. republicans are vowing to use the debt ceiling vote as leverage in an attempt to get severe cuts on federal spending and entitlement programs. president obama has said he has no plans to negotiate the debt limit with congress, leaving america back on the brink. juli neimann of smith moore and company is on the line with us with some thoughts on that....
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Jan 19, 2013
01/13
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FBC
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house republicans agree to raise the debt ceiling. one condition stay with us. ♪ ♪ gerri: republicans go for a short-term increase in the debt ceiling, but how can we tackle ♪ gerri: retreating or regrouping? house republicans putting to a vote raising the debt ceiling for three months, but are they backing off of their demands for spending cuts in exchange for raising the debt limit? with more on this, grover norquist, president for americans for tax reform. great to have you here. other republicans doing the right thing? >> i think so. there are three tools the republicans have to force obama to focus on spending, which she does not want to do it and will do unless forced. first is the sequester which starts march 1st or 2nd. that is a hundred billion dollars per year. that is the real cut in spending that will happen. the other one is the continuing resolution which starts march 4/7. we have a continuing resolution. they are the republicans that can put obama on a very short leash and only give him a continuing resolution for
house republicans agree to raise the debt ceiling. one condition stay with us. ♪ ♪ gerri: republicans go for a short-term increase in the debt ceiling, but how can we tackle ♪ gerri: retreating or regrouping? house republicans putting to a vote raising the debt ceiling for three months, but are they backing off of their demands for spending cuts in exchange for raising the debt limit? with more on this, grover norquist, president for americans for tax reform. great to have you here. other...
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ceiling is absolutely vital that we do not hold the debt ceiling hostage. in fact, a top republican said you cannot hold the debt ceiling hostage. cheryl: it will happen. as you are well aware, this debate is coming on the debt ceiling, you will be very involved in that, what do you think you can do to advance the debt ceiling debate in the right direction of the country? >> any discussion about the debt ceiling must include a spending cut, serious discussion and movement and action about spending cuts and reforms that will reduce our debt. the american public is tired about us kicking the can down the road, tired of the do-nothing congress. the senate hasn't passed a budget in over four years. we learne learn for the fifth yr running we have a deficit now for the fifth year in a row of over a trillion dollars. that is unsustainable, immoral, wrong for the future of our children and as a mother of three and protector of american's future we are going to attack this crisis and make sure we get to the bottom of all of i that as we move forward. cheryl: i say
ceiling is absolutely vital that we do not hold the debt ceiling hostage. in fact, a top republican said you cannot hold the debt ceiling hostage. cheryl: it will happen. as you are well aware, this debate is coming on the debt ceiling, you will be very involved in that, what do you think you can do to advance the debt ceiling debate in the right direction of the country? >> any discussion about the debt ceiling must include a spending cut, serious discussion and movement and action about...
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Jan 22, 2013
01/13
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so is the gop about to cave on a debt ceiling deal? we may know a lot more soon. there's a plan floating around washington, stop lawmakers pay if there's no solution on the debt ceiling by the deadline day. >>> and this guy, he's teed off, the golfer phil michakelson tee off over his taxes. and he's not going to take it anymore, or is he? sue herera is live at the new york stock exchange. >> earnings are front and center with j & j, dupont, travelers all out with results. more on them in a few minutes. let's get you ahead of the curve. google is getting ready to report its latest results after the bell. fears about an ad revenue and major focus on those shares. google right now is down 3 bucks on the trading session. john is in silicon valley with what investor s need to know ahead of the numbers. >> couple of important themes this quarter, mobile and mobile. mobile's impacted on the core business. as more people do searches from mobile devices, google's revenue has been coming down. it's more than likely this trend will continue as smartphone and tablet sales spi
so is the gop about to cave on a debt ceiling deal? we may know a lot more soon. there's a plan floating around washington, stop lawmakers pay if there's no solution on the debt ceiling by the deadline day. >>> and this guy, he's teed off, the golfer phil michakelson tee off over his taxes. and he's not going to take it anymore, or is he? sue herera is live at the new york stock exchange. >> earnings are front and center with j & j, dupont, travelers all out with results....
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Sep 12, 2013
09/13
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particularly with the debt ceiling, the economy remains too fragile. we've had 100 bases point spike in the last two months. once you start screwing around with the debt ceiling more so than the continuing resolution, you're really talking about taking aim at an economy that's trying to recover. so i like nothing about this. i will say one thing, it is not totally clear to me that the way out of this means resolving the republican family squabbles. the way out of this is for john boehner to increase the debt ceiling with a bunch of democrats. i'm not saying you can swallow that. >> there's not going to be a clean bill. there might be a clean cr, maybe. there's not going to be a clean debt bill. jim, the reason i thought jared might like this is this is all republican fighting. >> i do like that part. >> i figured you would. jimmy, i think if the gop is not careful, they'll get themselves into a lot of hot water. >> listen, if some day they want to actually repeal and replace obama care, what they need to do is to win the senate and win the presidency.
particularly with the debt ceiling, the economy remains too fragile. we've had 100 bases point spike in the last two months. once you start screwing around with the debt ceiling more so than the continuing resolution, you're really talking about taking aim at an economy that's trying to recover. so i like nothing about this. i will say one thing, it is not totally clear to me that the way out of this means resolving the republican family squabbles. the way out of this is for john boehner to...
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Jan 1, 2013
01/13
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and one is that it doesn't address the debt ceiling. now, debt ceiling isn't about what we spend, not about the decisions on what we spend, it's whether or not we're going to pay the bill after the spending has been authorized. it's like saying to yourself, you know, when the credit card bill comes, i'm just not going to pay it. because i shouldn't have spent so much money. that's what the debt ceiling is. not to pay the bills you've already incurred. well, what happened the last time that we had this controversy is our national credit rating was diminished and that means when you borrow money, you have to pay more so we shot ourselves in the foot to no purpose. the time to make the decision over what you spend is when you're making the spending decision, not when the bill arrives later. you've already made that commitment. you're already in that boat. and you have a responsibility to fulfill payment on the bills you've signed up for. but we will have that ahead of us in just two months. and in addition, the bill we had in the wee hours
and one is that it doesn't address the debt ceiling. now, debt ceiling isn't about what we spend, not about the decisions on what we spend, it's whether or not we're going to pay the bill after the spending has been authorized. it's like saying to yourself, you know, when the credit card bill comes, i'm just not going to pay it. because i shouldn't have spent so much money. that's what the debt ceiling is. not to pay the bills you've already incurred. well, what happened the last time that we...
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gerri: to tht point, we have the debt ceiling looming. if we were to find a solution for the debt ceiling from whether it makes democrats or republicans happy, we have some kind of resolution on the fiscal cliff. if we were to do the debt ceiling and take care of sequestration, do you think employers will start hiing? >> the best we could do would be to come up with a credible long-term plan. gerri: credible long-term plan on capitol hill and the white house. are you kidding? >> u.s. you're right. the problem here is, between now and the end of february eryone goin to say, well, here is a we need to do? are they going to agree on it? the republicans, i think, have corrected said we have done something on taxes. we raised it for everybody who works to raisetaxes for those nasty rich folk. now cut spending in order to get on a gravel path to reduce he deficit. >> we enacted the greast tax cut in american history. 25 million new jobs. the american economy had confidence in president reagan. in what direction was going to be. that is what is
gerri: to tht point, we have the debt ceiling looming. if we were to find a solution for the debt ceiling from whether it makes democrats or republicans happy, we have some kind of resolution on the fiscal cliff. if we were to do the debt ceiling and take care of sequestration, do you think employers will start hiing? >> the best we could do would be to come up with a credible long-term plan. gerri: credible long-term plan on capitol hill and the white house. are you kidding? >>...
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Jan 4, 2013
01/13
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the gop needs to learn the difference between a debt and debt ceiling. the debt ceiling was put in there so the treasury didn't have to keep issuing bonds. most other countries when they issue legislation that has money, it is spent. america has an extra stopgap. it was not meant to control the treasury, it was the opposite, it's meant to give treasury enough room to issue bonds so they didn't have to keep doing it. using the debt ceiling and the ability to pay our bills for things we've already spent is just outrageous. it was outrageous in august and it continues to be outrageous, but the republicans continue to use this language that somehow it's to control spending. it's just incorrect. >> so back them up only in the fact that there are plenty of republicans who say, good god, do not use this. this will kill us. >> the question is, if we went over the cliff or failed to raise the debt ceiling, certainly there would be dire consequences. the question is, when else is the congress of the united states going to do anything proactively about spending? th
the gop needs to learn the difference between a debt and debt ceiling. the debt ceiling was put in there so the treasury didn't have to keep issuing bonds. most other countries when they issue legislation that has money, it is spent. america has an extra stopgap. it was not meant to control the treasury, it was the opposite, it's meant to give treasury enough room to issue bonds so they didn't have to keep doing it. using the debt ceiling and the ability to pay our bills for things we've...
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Jan 3, 2013
01/13
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with the debt ceiling he's saying we're only dealing with the debt ceiling. if you want to have a debate when it comes to cuts then we'll deal with that. when it comes to sequestration. that important piece in the fiscal cliff deal the 60 day pushing out that's what he has done. the republicans wanted spending cuts to be part of fiscal cliff and debt ceiling and sequestration. he said no. it's a smart tactical move. we'll see if he's able to keep them at bay. >> i want to remind people that president obama when he was senator obama voted against raising the debt limit as well. opposition parties use the limited leverage they have and barack obama recognized that in the past and now that he's on the other side of the negotiating table he thinks that should be taken off the table. the thing is this is connected to the sequester deal as well. president obama needs goodwill from republicans if he's going get movement on the sequester as well. these things are not going to be that easily separated. >> but the key is that it's incumbent upon the president to move a
with the debt ceiling he's saying we're only dealing with the debt ceiling. if you want to have a debate when it comes to cuts then we'll deal with that. when it comes to sequestration. that important piece in the fiscal cliff deal the 60 day pushing out that's what he has done. the republicans wanted spending cuts to be part of fiscal cliff and debt ceiling and sequestration. he said no. it's a smart tactical move. we'll see if he's able to keep them at bay. >> i want to remind people...
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Jan 16, 2013
01/13
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stuart: do you want to sign a debt ceiling increase, do it now? >> no, i don't, but at the same time i would like to have some common sense in the discussion. what we have got are two sides that are also putting other factions at work and other hidden agendas at work and i don't think that's going to get us anywhere soon. that's what makes us look bad, is the fight, not really the outcome, it is the fight. so if we can come to an agreement where we're all happy i think that's possible then we can move on. it makes us look embarrassing to the rest of the world. stuart: what do you think the odds are of a downgrade? >> i think there's a 30% chance, maybe 35% chance. stuart: okay. we will check it out. thank you very much scott shellady always a pleasure. the cost of college tuition continues to rise, got it, but the number of students enrolling is on a decline. fears of massive college debt and the lack of job opportunities when you graduate, that has a lot of families realizing that maybe college isn't worth the investment. joining us now is the au
stuart: do you want to sign a debt ceiling increase, do it now? >> no, i don't, but at the same time i would like to have some common sense in the discussion. what we have got are two sides that are also putting other factions at work and other hidden agendas at work and i don't think that's going to get us anywhere soon. that's what makes us look bad, is the fight, not really the outcome, it is the fight. so if we can come to an agreement where we're all happy i think that's possible...
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Jan 5, 2013
01/13
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and then say you don't want to raise the debt ceiling. you can't make those match. >> what's going on? you make a very good point. what's the ideology behind those folks? >> well, it is ideology, but also just -- essentially extortion. what they are trying to do, and been trying to do this, use the debt ceiling or basically black mail leverage they have to strip the social safety net in the country, to privatize social security, privatize medicaid, medica medicare. ith not about fiscal sanity. we can reach fiscal sanity. we have been working very well toward that. but this is all about ideology and philosophy. >> you called speaker boehner courageous for sending the fiscal cliff bill to the floor. you know speaker boehner saw republican defections in the speaker vote this week, he has favored heavy criticism from tea partiers and others. do you suspect similar courage from boehner in the weeks ahead? >> i think he wants to be krajuous. it's really horrible when an example of bipartisanship causes such consternation in one party. boehner w
and then say you don't want to raise the debt ceiling. you can't make those match. >> what's going on? you make a very good point. what's the ideology behind those folks? >> well, it is ideology, but also just -- essentially extortion. what they are trying to do, and been trying to do this, use the debt ceiling or basically black mail leverage they have to strip the social safety net in the country, to privatize social security, privatize medicaid, medica medicare. ith not about...
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Jan 6, 2013
01/13
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the debt ceiling guarantees a crisis. it guarantees that the markets will all cave in on the republicans. and the republicans in the end will give up. >> let me get a break, ej, and we'll come back with you. i want to talk about the strategy, whether there's a government shutdown in the future, and what this fight means for the president's second term and his agenda, guns, immigration, other things. we'll take a quick break and we'll have more from our roundtable right after this. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. introducing a revolutionary new mascara. clump crusher...crusher. 200% more volume. zero clumps. new clump crusher from easy, breezy, beautiful covergirl. five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gav
the debt ceiling guarantees a crisis. it guarantees that the markets will all cave in on the republicans. and the republicans in the end will give up. >> let me get a break, ej, and we'll come back with you. i want to talk about the strategy, whether there's a government shutdown in the future, and what this fight means for the president's second term and his agenda, guns, immigration, other things. we'll take a quick break and we'll have more from our roundtable right after this. [ male...
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Jan 6, 2013
01/13
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KRCB
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the president says he will not negotiate a bar raising the debt ceiling. that is paying the bills we have already incurred a, not setting a new standard. he has to negotiate, but he also has the possibility, instead of just letting us rolling the dice as simply saying he's going to break it. if he does that, there will be a court case, but that will take time. >> they want to jeopardize the full faith and credit of the united states by refusing to raise the debt limit, they will pay the consequences. >> you may want to refer to an impassioned speech obama gave in 2006 against raising the debt ceiling in the senate and the explain why we were robbing the future of the country. >> all the presidents have -- >> allowing the debt ceiling to rise automatically. >> let's go back to the relief package for sandy. why did he leave that? he opened himself up to scathing criticism. >> i do not understand it. eric cantor assured them they would get a vote and it would pass the senate. it was predictable that this would blow up and he walked away from it. you would thi
the president says he will not negotiate a bar raising the debt ceiling. that is paying the bills we have already incurred a, not setting a new standard. he has to negotiate, but he also has the possibility, instead of just letting us rolling the dice as simply saying he's going to break it. if he does that, there will be a court case, but that will take time. >> they want to jeopardize the full faith and credit of the united states by refusing to raise the debt limit, they will pay the...
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Jan 14, 2013
01/13
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one would be the debt ceiling. the second is the expiration of the continuing resolution that funds an agreement. if you can't reach an agreement, then you'd have a government shutdown. neither one of these outcomes is good. one though is immediately and totally catastrophic. that's the debt default. if republicans now -- if blackburn's comments maybe are indicative of something, if republicans now are moving away a little bit from the threat of the debt default and are now talking about the shutdown and the continuing resolution in this totally screwed up washington that we have right now with all these perverse incentives, that actually does represent progress if republicans are now only talking about a government shutdown and not a debt default. >> do you agree with that? >> i mean, not really. i know what you're saying but i don't really think we should give a lot of rewards. we citizens, we the political class, or we the media for different strains of this kind of leverage. i think the problem and it was in a
one would be the debt ceiling. the second is the expiration of the continuing resolution that funds an agreement. if you can't reach an agreement, then you'd have a government shutdown. neither one of these outcomes is good. one though is immediately and totally catastrophic. that's the debt default. if republicans now -- if blackburn's comments maybe are indicative of something, if republicans now are moving away a little bit from the threat of the debt default and are now talking about the...
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Jan 16, 2013
01/13
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rid of the debt ceiling. most countries don't have a debt ceiling. you still need votes from congress to authorize spending. you couldn't just borrow willy nilly anyway. the simple fact is the debt ceiling is the one time in the legislative process where you actually get a bill. everyone having all this contest of whose analogy is right, whether it's a family with a budget, whether it's this. or that, whether it's dining and dashing as the president likes to say. the debt ceiling is the moment you get the credit card bill and it's the only moment. and if you can't have a sort of reckoning about your spending habits when you see your credit card bill you're never going to have that reckoning. i'm in favor of it. i'm in favor of any speed bumps towards more spending and this is as good as any. jon: the president was talking about it at his news conference the other day. i want to play something that he had to say and get your reaction. >> if congressional republicans refuse to pay america's bills on time, socia
rid of the debt ceiling. most countries don't have a debt ceiling. you still need votes from congress to authorize spending. you couldn't just borrow willy nilly anyway. the simple fact is the debt ceiling is the one time in the legislative process where you actually get a bill. everyone having all this contest of whose analogy is right, whether it's a family with a budget, whether it's this. or that, whether it's dining and dashing as the president likes to say. the debt ceiling is the moment...
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Jan 21, 2013
01/13
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FBC
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should they use the debt ceiling? >> ultimately, short. two tools that are very real and very powerful coming up. obama has tried to demonize the debt ceiling. okay. set it back with a condition. okay democrats in the senate. you have not passed a budget in three years. the reason why the democrats have control of the senate is that harry reid has said democratic senators in the witness protection program with ever -- whenever budget issues come up. twenty democrats are up for election in 2014. half of them should not be coming back of the continue to vote with obama on tax and spend crazy debt policies which is what they have been doing. i think it is very important for the american people to see what the senate has not done and to force them to act but that. gerri: you sure can't act -- argue with that. the senate has not passed a budget and 1,361 days. let me get a comment. it would stop pay to members of congress if they don't do some of these things, if they don't get a budget resolution. you in favor of that? >> i think it's a good i
should they use the debt ceiling? >> ultimately, short. two tools that are very real and very powerful coming up. obama has tried to demonize the debt ceiling. okay. set it back with a condition. okay democrats in the senate. you have not passed a budget in three years. the reason why the democrats have control of the senate is that harry reid has said democratic senators in the witness protection program with ever -- whenever budget issues come up. twenty democrats are up for election in...